Ageas Federal Life Insurance Benefits

Ageas Federal Life Insurance (formerly IDBI Federal Life Insurance Co Ltd.) is a joint venture between Ageas and Federal Bank. The company started its operation in 2008 by selling its first policy in March 2008 and it is ranked in top 10 most trusted life insurance brands in India by ET- Brand Equity Study. The company has a lot of benefits for their clients. Let us discuss all the benefits of Ageas Life insurance in detail.

Ageas Federal Life Insurance Benefits

Here are some of the benefits of Ageas Federal Life Insurance policies:

• Varied of Products:
  • Ageas Federal Life Insurance has a presence all over the country and the company provides policies for every strata of the society. The plans provided by the company reflect this as policies are catering to various problems.
• Customer-Centric Service:
  • Ageas Federal Life Insurance has a very customer-friendly approach and their services are centred around the practice of giving the customer a better experience.
• High Claims Settlement Ratio:
  • Ageas Federal Life Insurance has one of the best Claim Settlement Ratios in the country. The claims settlement ratio of Ageas Federal for the financial year 2019-20 was 96.47%.
• Online Renewal of Policies:
  • Ageas Federal Life Insurance provides an online route to renew the policies. There is the traditional offline route of offline payment which is done by paying through your advisor, paying at the branch, and paying at the Common Service Centre outlet. The online mode has a lot of options which include card payment, InstaPay, Online Wallets, UPI, and Cash Card.
• Easy Renewal, Premium Payment, and Claims Process:
  • Ageas Federal Life Insurance has designed each of its processes to be very easy to understand and clearly demarcated so that it can be performed by anyone with ease.

Conclusion

Ageas federal life insurance ranking is good as it comes under the Top 10 Most Trusted Life insurance brands in India as per ET-Brand Equity Study. There are various benefits of Ageas federal insurance but choosing a plan completely depends on the personal needs of an individual.